fate of fortescue, page-96

The five proposed projects potentially coming to FID this year. Not long to go now folks. Any one of these could drop.

1. Gibson Island, Australia. With Incitec Pivot Limited, a proposed 550MW green hydrogen and green ammonia facility is currently in the front end engineering design (FEED) stage. Refer to Fortescue Annual Report.

2.Phoenix Hydrogen Hub - In the United States, Fortescue announced their first major move following the passage of the Inflation Reduction Act, investing US$24 million to acquire a 100 per cent interest in the Phoenix Hydrogen Hub. The Hub is a proposed green hydrogen project located in Arizona, with Phase One planned to be an 80MW electrolyser and liquefaction facility, capable of producing up to 12,000 tonnes of liquified green hydrogen annually. Refer to Fortescue Annual Report.

3. Brazil green hydrogen project - HUGE project - see here:

August 08, 2023

https://movimentoeconomico.com.br/economia/energia/2023/08/10/o-ceara-da-mais-dois-passos-para-consolidar-o-hub-de-hidrogenio-verde/

and

August 03, 2023

https://www.bnamericas.com/en/news/fortescue-moves-forward-with-brazil-green-hydrogen-project

July 22, 2023

and here's how the plant will look like and what it might produce. A very good read!

https://diariodonordeste.verdesmares.com.br/negocios/como-sera-a-usina-de-hidrogenio-verde-da-fortescue-no-ceara-conheca-projeto-1.3395577

and

Dec 06, 2022

Environmental clearance for massive solar plant in Ceara, Brazil for Fortescue's plans.

https://taiyangnews.info/markets/environmental-clearance-for-gigantic-4-6-gw-solar-complex-in-brazil/

4. Norway - 300MW project. European Commission funding to Norway FFI, still not clear as to how much. Hopefully news on this front isn't too far off.

Refer to my previous posts below.

https://hotcopper.com.au/threads/news-fmg-fortescue-future-industries-says-fortescue-welcomes-selection-in-eur-3-6-bln-european.7479619/page-2?post_id=68800147

and

https://hotcopper.com.au/threads/news-fmg-fortescue-future-industries-says-fortescue-welcomes-selection-in-eur-3-6-bln-european.7479619/page-13?post_id=68814058

5. Kenya - 300MW project. Another huge project.

March 16, 2023

https://www.esi-africa.com/east-africa/kenya-to-develop-300mw-green-ammonia-and-fertiliser-facility/?utm_campaign=ESI23%20-%20Weekly%20newsletters%20-%20Wednesday&utm_medium=email&_hsmi=69963753&_hsenc=p2ANqtz-99Qu2IOTxeZcE7y4XEzk1E-R_aTE_EKapyMZBZWejyeDm2e31a6f0oEwVdY6ImjSHaReliUMjODfdYwr6kak5HB4h5bA&utm_content=69920459&utm_source=hs_email

and

September 05, 2023

https://www.hydrogeninsight.com/production/eu-pledges-millions-in-grants-for-green-hydrogen-and-derivatives-in-kenya/2-1-1512463

Tony